The future availability of rare earth elements (REEs) is of concern due to monopolistic supply conditions, environmentally unsustainable mining practices, and rapid demand growth. We present an evaluation of potential future demand scenarios for REEs with a focus on the issue of comining. Many assumptions were made to simplify the analysis, but the scenarios identify some key variables that could affect future rare earth markets and market behavior. Increased use of wind energy and electric vehicles are key elements of a more sustainable future. However, since present technologies for electric vehicles and wind turbines rely heavily on dysprosium (Dy) and neodymium (Nd), in rare-earth magnets, future adoption of these technologies may result in large and disproportionate increases in the demand for these two elements. For this study, upper and lower bound usage projections for REE in these applications were developed to evaluate the state of future REE supply availability. In the absence of efficient reuse and recycling or the development of technologies which use lower amounts of Dy and Nd, following a path consistent with stabilization of atmospheric CO(2) at 450 ppm may lead to an increase of more than 700% and 2600% for Nd and Dy, respectively, over the next 25 years if the present REE needs in automotive and wind applications are representative of future needs.
Keywords:electric vehicles (EVs) industrial ecology lithium demand lithium-ion (Li-ion) battery mineral resources resource availability Supporting information is available on the JIE Web site
SummaryThere is disagreement on whether the supply of lithium is adequate to support a future global fleet of electric vehicles. We report a comprehensive analysis of the global lithium resources and compare it to an assessment of global lithium demand from 2010 to 2100 that assumes rapid and widespread adoption of electric vehicles.Recent estimates of global lithium resources have reached very different conclusions. We compiled data on 103 deposits containing lithium, with an emphasis on the 32 deposits that have a lithium resource of more than 100,000 tonnes each. For each deposit, data were compiled on its location, geologic type, dimensions, and content of lithium as well as current status of production where appropriate. Lithium demand was estimated under the assumption of two different growth scenarios for electric vehicles and other current battery and nonbattery applications.The global lithium resource is estimated to be about 39 Mt (million tonnes), whereas the highest demand scenario does not exceed 20 Mt for the period 2010 to 2100. We conclude that even with a rapid and widespread adoption of electric vehicles powered by lithium-ion batteries, lithium resources are sufficient to support demand until at least the end of this century.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.